Question

Company-sponsored 401(k) retirement programs have which of the following?

a- Voluntary employee contributions: True/ False
b- Voluntary employer contributions: True/ False
c- Mandatory employee contributions: True/ False
d- Mandatory employer contributions: True/ False

Answer 1

Company-sponsored 401(k) retirement programs typically have both voluntary employee contributions and voluntary employer contributions.

Step-by-step explanation:

Company-sponsored 401(k) retirement programs typically have both voluntary employee contributions and voluntary employer contributions. This means that employees have the option to contribute a portion of their salary to their 401(k) account, and employers also have the option to make contributions on behalf of their employees.